Alexco Resource Corp (AXU)

[ironyman]

As much as this had been beat down, it will rise three fold.

[timberwolf7]

With the share price of silver in the upper 20's, just need the company to say, we are selling silver and $4 could be in play...

[crossrip]

PERFECT STORM BREWING
AXU will hit full production as silver supply dwindles globally

[timberwolf7]

At the same time, one has to wonder why its not seeing some 'demand' for the shares cause surely folks have to realize, production is supposed to be ramping up...

Course, the problem might be that starting back in Aug 2020, the PM sector started to lose its 'mo-jo' and is having trouble getting traction and breaking the slide its been in..

Or as they say, even if company is about to make its own waves, if its in a sector no one 'wants', will anyone care???

Thats what it feels like with AXU at the moment. Knew that 18 month delay in getting the permit meant AXU wasn't in a position to benefit from the all the euphoria like many other operating miners were able to do..

OH well, lets see if they can stand on their own and break from the pack..

Good luck

[crossrip]

silver...eternal higher demand...coupled with eternal shrinking supply
CANT LOSE here imo

[timberwolf7]

agree it has a 'promising' future ahead of it.

I haven't owned shares for a little bit again while it ran in circles other than a fast trade or two while it was doing so.

But this morn, grabbed positions for the pending next couple of qtrs of expected 'good news' on its production ramp up efforts.

and with the price of silver hovering over $25, with a call for silver to hover around $30 because of the potential shift towards green energy (ie, solar)...

thats an earnings 'multiplier'...

Ok, see where they are by the time they report their Q2 earnings in the 3rd qtr.

[MuskVoice]

READ THIS

https://seekingalpha.com/article/4386875-alexco-resource-corp-promising-future-lies-ahead

[wshaw14]

The problem with this position IMHO is the Silver Wheaton agreement. Am I incorrect, or are they basically giving S Wheaton 25% of their production?
Please enlighten me. I cant seem to find the original agreement to read. I like the project, but it is hard to survive when giving up 90% of 25% = 22.5%

[ironyman]

How difficult is it to release how many ounces of gold were produced in the fourth quarter? They had two months of startup production by their own press release.

[timberwolf7]

chart is hinting that it may be ready to say enough with the selling already...

At some point, the news of what its doing for itself is bound to override the negative sentiment the PM sector has at the moment.

But expect this negative sentiment will hinder the 'enthusiasm' factor as well..

first target: $3.50 - $4..

[timberwolf7]

yep, go figure when AXU FINALLY gets its collective arse in gear, the sector itself is under pressure...

and the general market is lighting up like its on fire, sucking the oxygen out of the PM sector...

oh but what for IF they had got the damn permit a year earlier and been in production when the PM sector was 'in vogue'...

oh well, still see $4+ just cause of what AXU could do for itself... But $7+ might a bit harder to see...

only hold 3000 shares at the moment after a recent 're-buy' at $2.64... (trading the shares lately rather than riding them up and back down)

[ironyman]

Damn....31% of all shares traded on Friday were short sales

[ironyman]

Just wondering what sort of production they had in the fourth quarter?

[MuskVoice]

Intersects 3,583 g/t Silver over 8.76 meters

https://www.alexcoresource.com/site/assets/files/4483/2020_exploration_results_-_january_19_2021_-_final.pdf

[timberwolf7]

Agree.. With them set to continue to ramp up production into mid 2021? This is 'the time'...

and interestingly, AXU is one of the 'few' miners that aren't:

-already 'mature' or at full production
-already mature and desperate to buy new mines to try and increase output
-or some developer still a few years away (watch GSV, one I have traded in the past, but am now just watching, last I heard they were talking about a mining permit in around 2 years which would put them into mid at the earliest 2022)

note: another one is MTA, a pure royalty play that only has a few streams on line, but a lot on the 'way'... Maybe the next RGLD?? But can't delay much longer cause its already gained some 'momentum' 'love' from the markets..

disclaimer: own NO precious metal positions... with AXU and MTA my first two options if/when I do take a new round of... and AXU is now looking like it could reach for the $2.40 price range barring a surprise upsurge in PM prices.. for that was quite a hit on Friday

[ironyman]

Yesterday, 29% of all AXU shares traded were short sales

[MuskVoice]

If we were to see a pullback below US$2.85, I would view this as a low-risk buying opportunity.

[ironyman]

Higher lows.

[timberwolf7]

IF biden isn't derailed by 'something' in the next 10 days (far as I know, notice kammi harris has yet to resign her senate seat.. wonder WHY??)

gold down $16, silver 70 cents+, bloomberg saying the dollar is 'stronger' on the news of "trillions' of dollars to combat the WORLD economic crisis...

[ironyman]

Just as the whole sector was taken down, it will be brought up......Biden to sign another much larger stimulus upon becoming president.

Cyber Tulips and their manias will crash hard.

[timberwolf7]

going to be interesting to see what it does once they announce what THEY are doing in terms of ramping up production... IF the price of the metals is under pressure, will anyone 'care' what AXU is doing..

disclaimer: I am currently out of the PM sector due to the pressure the sector is under, that there are reports folks are dumping the metals for that vapor ware called bitcoin...

don't know IF I will own AXU again, have to fall to around $2.50 for me to 'like' its potential to double.. unless the whole sector heats up again..

Something I was afraid of, just when AXU is ready to have its run, will anyone 'care'..

Good luck..

[ironyman]

This should be much higher as they have started production. It’s was to make a good profit with silver at 15.00, whereas it is now 27.50 and on its way much, much higher.....Perplexing?

[dingocub]

We should SEE those Drill Results any day now!!!

They should lite the fire for the next run to $5

[ironyman]

At this point, this should be over 4.00....no respect

[timberwolf7]

Silver miners in general are catching some wind, seeing folks saying 'silver' will be the PM winner in 2021 vs gold...

Helps that they are now on the verge of seriously ramping up their mining operations.

[ironyman]

Something must have happened as we now have solid buys pushing up the price.

[ironyman]

Thirty minute chart Bollinger Band width is at 4!

[ironyman]

Looking forward to 2013 price.....Go Alexco

[dingocub]

You mean Monday !

[ironyman]

Any time now

[dingocub]

And That's What I said 5 weeks Ago...

Kaboom


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159495199

[timberwolf7]

been 18 months since the water permit was first 'expected'..

Be nice to see their next words are, dirt HAS been moved, and the first silver has been poured. With the next words after that being, we are now mining in the 2 other mines and production is ramping up..

while the price of silver is still 'hot'...

disclaimer: only own 1/10th of AXU now that I once did after taking what it gave and waiting for it to settle down (which it did, so I am in lower than I sold at. A good thing). But the PM miners have been under pressure since Aug.. and the sector might find it hard unless sentiment changes to find folks that 'even care' now....

reduced my expectations for the moment to $3.5..

[dingocub]

2020 Surface Exploration Update

Alexco's surface exploration drilling program at the Bermingham "deep" target is progressing well with approximately 3,500 m completed in six holes. A second drill has been added and the program extended, anticipating a total of 7,500 m to 8,000 m of drilling to be completed in at least 12 holes by mid-November.

The primary target is approximately 200 m vertically below the NE Zone of the Bermingham deposit, that contains a total Indicated Mineral Resource of 32.9 million ounces of silver at an average grade of 930 grams per tonne silver.

The target zone for the remainder of the 2020 drilling is a structural panel that extends 600 m to 700 m along (strike) where the geologic framework appears to be similar to that identified in the shallower existing resource.

Initial results are anticipated to be available by the end of Q4.

[SeaBlue]

How deep? EOM

[dingocub]

I feel some Big DEEP Drill Results are 'coming round mountain'

They Said Q4 -

[ironyman]

Some rapid event will happen, like Bitcoin getting hacked or taxed. Maybe a battery technology or another bank implodes.....Something will happen .....It always does, planned or not.

[timberwolf7]

5 'green' days out of the last 19 if one counts were the share price closed equal to the day before on 2 of the 5..

For the last 5 WAVES/cycles, its been consistently lower peaks and troughs.

Been looking for buy signal, but between the PM sector running out of gas in Aug and heading south, and AXU indicating that the ramp up in production isn't till Q1 (beyond the 'cleaning out' of the residue in the first mine they are working on), and with end of season tax loss selling coming up...

Not seeing a buy signal 'yet'.. and quite frankly, at this point, since I am out, I would like to see it take another run at $2.3 or less..

raise the potential return cause if this PM sector stays under pressure, AXU may rise, but not find a lot of folks paying attention for the really 'good gains ($7.5+ range) I was hoping it have a shot at..

[AAAtrades]

I suggest everyone focus on the monthly candle chart

we have now TWO montly INVERTED HAMMER candles on AXU And the silver price chart....

inverted hammers can be powerful bottoming patterns

Look at July 2010 to see what happened after two inverted hammers

I am open to the possibility that we may see a fast surge to 5.00 as we head into end of yaer and then start new year.

remember USUALLY most of the big price moves are concentrated in a very small portion of time.

IF YOU ARE NOT in then it can be hard to catch the whole move.

gotta be in it to win it

[timberwolf7]

Chart says:

1st of all, said it some time ago, worst nightmare with AXU is they finally get their permit and 'no one cares' cause gold and silver have fallen out of 'favor', prices 'flat/falling'. Thats already in progress, and the question is, can the 'enthusiasm' for the sector be restored?? Suspect its going to be tough cause a whole lot of folks were involved in driving it up to $1900 and where will the next round of participants come from.. Cause one has to expect, the 'pros' and promoters are likely already 'all in' at this point... and how many 'little people' can they entice to run it up again? Don't know, with time we will know..

2nd: I don't own shares having sold at $2.58/9, tried a small batch at $2.4 and got out again cause of the above and AXUs slower than expected progress on getting going, or as it looks now, not seriously getting going until Q1 in 2021, with results in Q2??

and chart is showing continued consolidation/oscillation $2.4=$2.5 range.. So looking like I don't need to be in a rush at the moment to reload for next summers ramp up to full production...

[dingocub]

New Stimulus Package in the works by EOW or Early Next Week!

Silver Price loves him a $1 Trillion 'Stimulus Package'

The Planets are aligning for a Beautiful Silver & Gold X-Mas

[dingocub]

Drill Results in the next few weeks.

They should be the gasoline that gets this Silver Goose Cooking.

Timberwolf is out.. Guess that means were moving up now! :)

[timberwolf7]

I am out of AXU totally now...

reason: the PM sector 'bubble' is in trouble, the downtrend that started in early Aug has a grip on the miners, PM prices... yes they are making an attempt now and then to resurrect themselves, but they have failed a few times now since the slide commenced.

And at the moment, I do have a lot of miner charts showing that a 3 day 'pause' is underway... Reading that to imply, they are looking for direction..

and I got out of AXU altogether because of something I live by.. That a company has a fleeting moment in which to make a 'move'... And if AXU had only been fortunate to get their damn permit last spring when the PM sector took off seriously, I could easily see them at $7.5 plus on the news they were commencing mining. Now even if they commence mining, if the sector is under pressure, the miners sliding, will enough care to even push it over $4 on the news??

But at the same time, after digesting this latest news, I am looking for a potential 'play' on the ramp up... heck, a buy at $2.50 or less with a move to just $3.50 would be a nice gain...

[timberwolf7]

Thats what they said some years ago when solar production took off in a big way...

[ironyman]

Wolfe,

With the slightest uptick in solar there will be a shortage. Also be aware that the most efficient battery is made with silver and zink. ......

[dingocub]

Alexco Announces Commissioning and Initial Concentrate Production at the Keno Hill Silver District Mill

https://www.alexcoresource.com/news/2020/alexco-announces-commissioning-and-initial-concentrate-production-at-the-keno-hill-silver-district-mill/

[timberwolf7]

Why in the world is silver going to be trading at even $30/oz on a SUSTAINED basis unless supply gets tight in the face of 'demand'..

WHY? And I ask this seriously because I have followed gold/silver, traded positions for several years now (since around 2014). And while they have had a few serious runs since 2008, they don't/haven't held those gains. And it was the dip after 2011 that gave me an entry so that I could sell physical for gains this year...

And during this time, I have researched, debated with folks as to WHY they should do any.thing more than at a minimum, provide some degree of profits for everyone involved in the mining of, moving of to market and sellers of.

What else is justified beyond that for silver and gold are no longer 'tied' to anything other than supply and demand for the physical available.

Asking seriously, because till now, while many work hard to justify their 'calls' for this and that price, none of it works out that way until they can create a 'run' in the sector, as it happened this year...

and on that note, as long as the price of silver can stay above $17, I suspect we can see AXU once it starts mining looking for at least $5/sh... But who knows what happens if the sector falls out of favor..

disclaimer: don't own any at the moment, looking for a buy in point and should have grabbed some when it dipped below $2.35..

[ironyman]

Hmm....must be some news pending.

[ironyman]

Until there is some honesty in the markets, we must wait for another bank to implode, Bitcoin to get hacked.....or major event type thing.

[AAAtrades]

One of these days the silver price is going to be trading at 50 an ounce and then 100 an ounce.

I sure as hell would like to see what price AXU is trading at , at that time......

If you know that silver will be 50 to 100, why sell here ?

[timberwolf7]

doing this with CRMD, which has a FDA decision day of 28 Feb...

been selling covered calls on 'non-core' shares.. But not selling them on the core shares cause of surprise news releases as they did this week has cost me approx $20,000 in covered calls NOT sold.. while I have waited..

But have approx 8000 shares 'at risk' today because of unexpected news (current share price 9 cents over the strike price)... likely buy the calls back before the close today and sell the Dec ones for more gains.. (see if they will give 50 cents/sh for the 8s...